Now you may understand why so many prefer to own than to rent?

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Now you may understand why so many prefer to own than to rent?

New research from home builder, Strata, has revealed that renting for an entire lifetime is costly. According to the figures, the average tenant could be out of pocket by as much as a £1 million more than if they were to purchase their own home.

The research, which compares the cost of owning a home in the UK to average monthly rental payments over a 60-year period, proves that purchasing is significantly cheaper over the course of a lifetime.